the cima diploma in islamic finance (cdif) locations docs...building on the success of the cima...

2
Building on the success of the CIMA Diploma in Islamic Finance (CDIF) which was launched in Ireland in 2011, the Chartered Institute of Management Accountants (CIMA) is once again offering a blended learning tuition offering of the CDIF in 2012. As the first professional accountancy body to introduce a professional qualification in Islamic Finance to the Irish market, CIMA is keen to continue the momentum at a time when the Irish government is actively working to establish the IFSC as a European hub for the provision of wholesale Islamic finance services. Students who enrolled on the 2011 course represented a wide variety of backgrounds and sectors including senior executives from sectors as diverse as aviation, telecommunications, public service, manufacturing, advisory, legal, banking and FDIs. What students have said about the CDIF: ‘I was attracted to the Diploma in Islamic Finance due to the flexible study programme and distance learning. As a result of the course I have developed a strong foundation in all aspects of Islamic finance which will allow me to further my career in this direction. This course is a must for those pursuing a career in Islamic finance and I highly recommend it.’ Fiachra Farrell,Treasury Specialist ‘I am delighted with the decision I made to join the CIMA Diploma in Islamic Finance blended learning programme. The package included good study support, including access to top industry experts for queries. As a result of joining I was kept up to date on developments in the fast moving Islamic finance industry and was invited to be part of Global Islamic Finance Network. I would highly recommend the course to anyone who wishes to be at the forefront of Islamic finance.’ Iskandar Tariq, Manager, Financial Services, Grant Thornton Islamic finance The Islamic finance industry is growing at an exponential rate and the sector’s global worth is estimated to be between €920bn and €1trn, with an annual growth rate of 15% to 20%. This growth has continued throughout the global economic crisis largely because of its vigorous screening processes and stringent corporate governance practices in dealing with excess liquidity in many oil producing countries. CDIF is comprised of four certificates Each of the four individual certificates will be delivered via CIMA’s blended tuition package. Upon completion of all four certificates you will be awarded the CIMA Diploma in Islamic Finance. The content of each of the four modules is as follows: Certificate in Islamic Commercial Law The sources of the Islamic commercial law including the Qur’an and the traditions of the Prophet Mohammad. The methodologies used to solve modern problems in Islamic finance. The historic contracts involved in Islamic commercial law. Shari’ah compliance and the importance of the Shari’ah standards. Certificate in Islamic Banking and Takaful The developments which have taken place with regard to Islamic financial institutions and systems. The main source of funds available to banks and how these sources are rewarded. The various products developed by Islamic banks for their customers. The products and services offered under Takaful and issues relating to underwriting, deficits, surpluses and Retakaful. The financial and operational risks common to both the banking and insurance sectors. Certificate in Islamic Capital Markets and Instruments The differences between conventional and Islamic capital markets. The primary and secondary capital markets. Regulation within the Islamic capital market. Screening processes used in accepting/ rejecting Shari’ah compliant products. Certificate in Accounting for Islamic Financial Institutions. The reporting framework and standards of Islamic financial institutions. The analysis and classification of Islamic funding and financing transactions. How transactions adopting different contracts of financing are reported in the Islamic financial statements. Financial accountability and Shari’ah compliance of Islamic financial institutions. Designatory letters The Diploma in Islamic Finance is a recognised CIMA qualification which carries the designatory letters of ‘CDIF’. The CIMA Diploma in Islamic Finance (CDIF)

Upload: others

Post on 13-Jun-2020

3 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: The CIMA Diploma in Islamic Finance (CDIF) locations docs...Building on the success of the CIMA Diploma in Islamic Finance (CDIF) which was launched in Ireland in 2011, the Chartered

Building on the success of the CIMA Diploma in Islamic Finance

(CDIF) which was launched in Ireland in 2011, the Chartered

Institute of Management Accountants (CIMA) is once again

offering a blended learning tuition offering of the CDIF in 2012. As

the fi rst professional accountancy body to introduce a professional

qualifi cation in Islamic Finance to the Irish market, CIMA is keen

to continue the momentum at a time when the Irish government

is actively working to establish the IFSC as a European hub for the

provision of wholesale Islamic fi nance services.

Students who enrolled on the 2011 course represented a wide

variety of backgrounds and sectors including senior executives

from sectors as diverse as aviation, telecommunications, public

service, manufacturing, advisory, legal, banking and FDIs.

What students have said about the CDIF:‘I was attracted to the Diploma in Islamic Finance due to the fl exible

study programme and distance learning. As a result of the course I

have developed a strong foundation in all aspects of Islamic fi nance

which will allow me to further my career in this direction. This course

is a must for those pursuing a career in Islamic fi nance and I highly

recommend it.’

Fiachra Farrell,Treasury Specialist

‘I am delighted with the decision I made to join the CIMA Diploma in

Islamic Finance blended learning programme. The package included

good study support, including access to top industry experts for

queries. As a result of joining I was kept up to date on developments

in the fast moving Islamic fi nance industry and was invited to be part

of Global Islamic Finance Network. I would highly recommend the

course to anyone who wishes to be at the forefront of Islamic fi nance.’

Iskandar Tariq, Manager, Financial Services, Grant Thornton

Islamic fi nance The Islamic fi nance industry is growing at an exponential rate

and the sector’s global worth is estimated to be between €920bn

and €1trn, with an annual growth rate of 15% to 20%. This

growth has continued throughout the global economic crisis

largely because of its vigorous screening processes and stringent

corporate governance practices in dealing with excess liquidity in

many oil producing countries.

CDIF is comprised of four certifi catesEach of the four individual certifi cates will be delivered via CIMA’s

blended tuition package. Upon completion of all four certifi cates

you will be awarded the CIMA Diploma in Islamic Finance.

The content of each of the four modules is as follows:

Certifi cate in Islamic Commercial Law

• The sources of the Islamic commercial law including the Qur’an

and the traditions of the Prophet Mohammad.

• The methodologies used to solve modern problems in Islamic

fi nance.

• The historic contracts involved in Islamic commercial law.

• Shari’ah compliance and the importance of the Shari’ah

standards.

Certifi cate in Islamic Banking and Takaful

• The developments which have taken place with regard to Islamic

fi nancial institutions and systems.

• The main source of funds available to banks and how these

sources are rewarded.

• The various products developed by Islamic banks for their

customers.

• The products and services offered under Takaful and issues

relating to underwriting, defi cits, surpluses and Retakaful.

• The fi nancial and operational risks common to both the banking

and insurance sectors.

Certifi cate in Islamic Capital Markets and Instruments

• The differences between conventional and Islamic capital

markets.

• The primary and secondary capital markets.

• Regulation within the Islamic capital market.

• Screening processes used in accepting/ rejecting Shari’ah

compliant products.

Certifi cate in Accounting for Islamic Financial Institutions.

• The reporting framework and standards of Islamic fi nancial

institutions.

• The analysis and classifi cation of Islamic funding and fi nancing

transactions.

• How transactions adopting different contracts of fi nancing are

reported in the Islamic fi nancial statements.

• Financial accountability and Shari’ah compliance of Islamic

fi nancial institutions.

Designatory letters

The Diploma in Islamic Finance is a recognised CIMA qualifi cation

which carries the designatory letters of ‘CDIF’.

The CIMA Diploma inIslamic Finance (CDIF)

Page 2: The CIMA Diploma in Islamic Finance (CDIF) locations docs...Building on the success of the CIMA Diploma in Islamic Finance (CDIF) which was launched in Ireland in 2011, the Chartered

CDIF blended tuition - schedule and format

The entire blended tuition offering will be offered in collaboration with Dublin Business School. The CDIF programme will be completed from late May 2012 to late November 2012, and will be structured as follows:

• A ‘Kick-start’ session chaired by John Willsdon, CIMA Project

Manager for Islamic Finance, with input from James Browne

and Gerry Fahy, Professional Accountancy Lecturers with Dublin

Business School, both of whom will be providing the tutoring for

the face to face revision seminars. This session will also provide

an overview of the on-line material and the study schedule.

• CDIF content. The CDIF will be studied by participants over

four one month certificate study periods, in line with the study

schedule below. For each of the study periods CDIF participants

will have hard copy guides and ongoing access to a web based,

tutor monitored ‘CDIF discussion forum’, with tutor input.

• Revision seminars. Four half day face to face revision seminars,

with one seminar delivered at the end of each certificate study

period and prior to each certificate assessment.

The half day ‘kick-start’ session will be held on Saturday 26 May

2012 and the study schedule is as follows:

*There are over 19 Pearson Vue exam centres throughout Ireland, north and south. All four assessments must be successfully completed

to be awarded the CDIF.

Fees

The total cost for the CDIF blended tuition package is €990.00. This includes access to CIMA online study material and the web based

‘CDIF discussion forum’; hard copy study guides; attendance at four half day revision seminars; and two attempts per assessment.

Study Schedule

(with four weeks study per certificate)

Half day revision seminars CDIF computer based assessment*

Certificate in Islamic Commercial Law Saturday 30 June 2012 Exam completed by week ending

7 July 2012

Certificate in Islamic Banking and Takaful Saturday 8 September 2012 Exam completed by week ending

15 September 2012

Certificate in Islamic Capital Markets and

Instruments

Saturday 13 October 2012 Exam completed by week ending

20 October 2012

Certificate in Accounting for Islamic Financial

Institutions

Saturday 24 November 2012 Exam completed by week ending

1 December 2012

For more details, please contact:T. +353 (0) 1 6430400E. [email protected]